Predatory Loan Practices…Buyer Beware!

In January of 2020 TBS President, Jenn Lickteig, was featured in a recent interview on Sirius XM’s LandLine Now speaking about predatory loan practices. Listen and learn about red flags to look out for in predatory factoring, including:

• Getting caught in the debt trap
• The ‘ol ”Too Good to be True” manta
• Preying on “Sign Up Today” and “act fast now” campaigns
• Hidden termination fees

The biggest lesson we can all take out of this educational interview is to encourage everyone looking for factoring to read and review their contracts!